crackling south-1 in ep-341 is expected to spud s

  1. 115 Posts.
    this section is from their latest ann of 10/3/2003 and accordingly should not be long before the below happens

    WEST OIL NL 2003-03-10 ASX-SIGNAL-G

    HOMEX - Perth

    West Oil's next well, Crackling South-1 in EP-341 is expected to spud
    in the next 2 to 3 weeks. West Oil has a 22.5% interest in the
    Crackling South-1 well with a target of 30 million barrels. Tap Oil
    is the operator.

    The timing of the well is dependant on the release of the rig from
    the Cliff Head joint venture in the offshore Perth Basin.

    West Oil is also negotiating to farmin to another Carnarvon Basin
    permit where it will earn an approximate 7.5% interest by funding
    part of a well to be drilled around mid year.

    with crackling south expected to spud real soon according to above ann
    i cant understand why 2 million shares where sold at rock bottom price of 1.1 cents when this stock has the potential to double from todays close in a few months time especially if oil prices hold or hopefully go up again to the $40 per barrel mark like they were a few weeks back

    JOHN ^_^
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